ARO Arricano Real Estate Plc

 
 Arricano Real Estate Plc (ARO) 
Arricano Real Estate Plc: Loan Amendments 
 
30-Dec-2019 / 07:00 GMT/BST 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
This announcement contains inside information for the purposes of Article 7 
of EU Regulation 596/2014. 
 
                                                            30 December 2019 
 
                          Arricano Real Estate Plc 
 
                (together with its subsidiaries "Arricano") 
 
                      Amendment to two loan agreements 
 
     Arricano is pleased to announce that on 26 December 2019 it secured the 
               following reduction in interest rates on two loan agreements: 
 
? From 13.00% to 11.25% per annum on the USD20.0 million loan agreement 
with Tascombank JSC and Universal Bank PJSC, the loan is repayable on 30 
July 2023 and all other terms remain as announced on 14 June 2019; and 
 
? From 12.00% to 10.75% per annum on the USD12.0 million loan agreement 
with Tascombank JSC, the loan is repayable on 27 June 2024 and all other 
terms remain as announced on 28 June 2019. 
 
                                Ganna Chubotina, CEO of Arricano, commented: 
 
     "We are very pleased to have agreed a material reduction in the cost of 
these two loan agreements with TASCOMBANK JSC and Universal Bank PJSC, which 
    I believe demonstrates the quality of our long-standing partnership with 
   these leading financial institutions as well as reflecting the increasing 
               strength of Arricano's financial track record and prospects." 
 
                                                                  Enquiries: 
 
                              Arricano Real Estate plc Tel: +38 044 594 9471 
 
                                                             Ganna Chubotina 
 
                      Nominated Adviser and Broker: Tel: +44 (0)20 7220 1666 
 
                                                          WH Ireland Limited 
 
                                                              Chris Fielding 
 
                                      Financial PR: Tel: +44 (0)20 3151 7008 
 
                                              Novella Communications Limited 
 
                                                 Tim Robertson/ Fergus Young 
 
ISIN:           CY0102941610 
Category Code:  MSCM 
TIDM:           ARO 
LEI Code:       213800F8AMPULEKXFX22 
OAM Categories: 3.1. Additional regulated information required to be 
                disclosed under the laws of a Member State 
Sequence No.:   37698 
EQS News ID:    944239 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

December 30, 2019 02:00 ET (07:00 GMT)

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